XTX Topco Ltd Acquires New Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

XTX Topco Ltd bought a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,664 shares of the company's stock, valued at approximately $394,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in shares of Skyward Specialty Insurance Group by 49.8% during the third quarter. Principal Financial Group Inc. now owns 104,105 shares of the company's stock worth $4,240,000 after purchasing an additional 34,612 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Skyward Specialty Insurance Group during the 2nd quarter worth about $10,152,000. Navellier & Associates Inc. purchased a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter valued at about $1,051,000. American Century Companies Inc. raised its position in shares of Skyward Specialty Insurance Group by 9.2% during the 2nd quarter. American Century Companies Inc. now owns 919,548 shares of the company's stock worth $33,269,000 after acquiring an additional 77,354 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Skyward Specialty Insurance Group by 11.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 515,774 shares of the company's stock worth $18,661,000 after purchasing an additional 51,107 shares during the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, November 5th. Barclays lifted their price target on shares of Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. William Blair started coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, August 19th. They issued an "outperform" rating for the company. Jefferies Financial Group lifted their target price on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, JMP Securities upped their target price on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $46.89.

Skyward Specialty Insurance Group Stock Up 1.0 %

SKWD traded up $0.51 on Monday, hitting $52.66. 152,928 shares of the company traded hands, compared to its average volume of 346,876. Skyward Specialty Insurance Group, Inc. has a 12-month low of $29.40 and a 12-month high of $55.62. The company has a 50 day moving average of $48.89 and a 200-day moving average of $41.99. The stock has a market capitalization of $2.11 billion, a PE ratio of 16.05, a PEG ratio of 0.95 and a beta of 0.76.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.06. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The business had revenue of $300.89 million for the quarter, compared to analyst estimates of $292.43 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, Director James Charles Hays sold 25,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. Following the sale, the director now directly owns 747,261 shares in the company, valued at $40,352,094. The trade was a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.01% of the stock is currently owned by corporate insiders.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.